diff --git a/src/budge/account.py b/src/budge/account.py
index 27409f8..c563ed1 100644
--- a/src/budge/account.py
+++ b/src/budge/account.py
@@ -113,7 +113,7 @@ def daily_balance(
         given, the date of the first transaction is used. If the end date is not
         given, today's date is used.
         """
-        start_date = start_date or next(self.transactions_range()).date
+        start_date = start_date or next(self.transactions_range(cleared=cleared)).date
         end_date = end_date or date.today()
 
         balance = self.balance(start_date, cleared)
diff --git a/tests/budge/test_account.py b/tests/budge/test_account.py
index c34099d..0b0dcb3 100644
--- a/tests/budge/test_account.py
+++ b/tests/budge/test_account.py
@@ -162,3 +162,25 @@ def test_account_daily_balance_future(account: Account, today: date):
     assert balances[9] == (date(2022, 12, 15), Money(2))
     assert balances[11] == (date(2022, 12, 17), Money(4))
     assert balances[-1] == (end_date, Money(5))
+
+
+def test_account_daily_balance_cleared_true(account: Account, today: date):
+    end_date = today + relativedelta(months=1)
+    balances = list(account.daily_balance(today, end_date, cleared=True))
+
+    assert len(balances) == 32
+    assert balances[0] == (today, Money(1))
+    assert balances[9] == (date(2022, 12, 15), Money(1))
+    assert balances[11] == (date(2022, 12, 17), Money(3))
+    assert balances[-1] == (end_date, Money(3))
+
+
+def test_account_daily_balance_cleared_false(account: Account, today: date):
+    end_date = today + relativedelta(months=1)
+    balances = list(account.daily_balance(today, end_date, cleared=False))
+
+    assert len(balances) == 32
+    assert balances[0] == (today, Money(1))
+    assert balances[9] == (date(2022, 12, 15), Money(1))
+    assert balances[11] == (date(2022, 12, 17), Money(1))
+    assert balances[-1] == (end_date, Money(2))